Public adjusters often play a crucial role in the adjustment of an insurance claim. They represent the interests of the policyholder (the insured) in the preparation, filing, and adjusting of insurance claims. A policyholder who has sustained an insured loss employs adjusters for help. A public adjuster inspects the loss site immediately, analyzes damages, assembles claim support data, hires experts or consultants, reviews the policyholder’s coverage, and determines the cost of replacement or repair. They manage details of the claim, working closely with the policyholder to provide the most equitable and prompt settlement possible. The public adjuster works exclusively for the policyholder and not the insurance company.
A public adjuster must be licensed by the state in which the public adjuster conducts business. A public adjuster is generally required to follow specific statutes or guidelines established by the State Department of Insurance. These statutes include the specific requirements for contracting with a policyholder for services, including the fees that can be charged.
A public adjuster is different from an independent adjuster. The insurance company hires an independent adjuster to adjust a claim on behalf of the insurance company. The independent adjuster and in-house adjuster for the insurance company adjusts claims for the insurance company. They are generally looking out for the interest of the insurance company, not the policyholder. Conversely, a public adjuster looks out for the interest of the policyholder.
Competent public adjusters understand the claims process and are able to guide the policyholder through a fair adjustment of their claim. A public adjuster’s knowledge and expertise can be valuable to a policyholder given their knowledge of how claims should be properly handled and paid. Further, they can remove some of the stress that arises when dealing directly with an insurance company in connection with a claim.
At Grisham & Kendall, PLLC, we have extensive experience assisting the clients of public adjusters in cases involving issues such as:
Additional living expense, loss of use, and business interruption loss
If your client is dealing with these or similar issues in their insurance claim, we may be able to help your client in pursuing and obtaining the compensation they are owed under their policy.
If you are a public adjuster and you believe your client could benefit from the assistance of an attorney, we may be able to help. Contact the Dallas insurance attorneys of Grisham & Kendall, PLLC, today at (713) 999-5085 today to speak with an experienced legal professional about what we can do for you.
The attorneys at Grisham & Kendall, PLLC have represented hundreds of residential and commercial property owners whose claims have been wrongly denied or underpaid. If you are a public adjuster who has been unable to obtain the fair policy benefits for your client or policyholder, please contact us to discuss how we may be of assistance. If litigation becomes necessary, the attorneys at Grisham & Kendall, PLLC can help your client recover what they are owed under their insurance policy. Please call Grisham & Kendall, PLLC at (713) 999-5085 or contact us online today.